Cross-Chain Operations

MortgageFi is designed to operate seamlessly across multiple blockchain networks, expanding accessibility and providing users with greater flexibility.

Current Supported Chains

  • Arbitrum One

  • Base

Planned Expansion

  • MortgageFi is built to be compatible with all EVM (Ethereum Virtual Machine) chains

  • Future expansions to other popular EVM-compatible networks are anticipated

Key Features of Cross-Chain Operations

  1. Consistent User Experience:

  • Uniform interface and functionality across all supported chains

  • Seamless transition between networks for users

  1. Asset Diversity:

  • Access to a wider range of ERC20 tokens across different ecosystems

  • Increased opportunities for borrowing and earning

  1. Risk Mitigation:

  • Spread of protocol activity across multiple chains reduces single-point-of-failure risk

  1. Scalability:

  • Ability to leverage the strengths of different chains (e.g., lower fees, faster transactions)

  1. Broader Market Reach:

  • Engagement with diverse cryptocurrency communities across various chains

How It Works

  1. Vault Creation:

  • Token projects can create a dedicated MortgageFi vault for their token

  • This vault allows users to borrow against the project's token

  1. Long-Term Borrowing:

  • Community members can take out loans of up to 30 years using the project token

  • Borrowed tokens are effectively removed from circulation for the loan duration

  1. Gradual Token Lock-up:

  • As more community members take loans, a larger portion of the token supply becomes locked

  • This process can continue over time, potentially for decades

User Considerations

  • Ensure you're connected to the desired network in your wallet

  • Be aware of the different gas fees and transaction speeds on each chain

  • Understand that assets on one chain cannot be directly used on another within MortgageFi

Future Developments

  • Potential for cross-chain interoperability features

  • Expansion to non-EVM chains to further increase accessibility

MortgageFi's cross-chain approach offers users the flexibility to leverage different blockchain ecosystems while maintaining a consistent and secure borrowing and earning experience. As the protocol expands to more chains, it will continue to open up new opportunities for users across the global DeFi landscape. If you want to see a chain that isn’t currently supported please contact our business development team through Discord.

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